Comments on: How do you subordinate a second mortgage? http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/ Articles all based around the subject of personal finance Tue, 27 Dec 2011 17:36:14 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Lisa L http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/comment-page-1/#comment-1384 Lisa L Thu, 18 Mar 2010 20:57:45 +0000 http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/#comment-1384 I have successfully gotten subordination agreements from Chase. They have a form to fill out, will want $100 or $200, more than likely will want a copy of your appraisal. It will depend on what your CLTV will be. And they do NOTHING quickly. I agree. This is basic mortgage 101. I have successfully gotten subordination agreements from Chase. They have a form to fill out, will want $100 or $200, more than likely will want a copy of your appraisal. It will depend on what your CLTV will be. And they do NOTHING quickly. I agree. This is basic mortgage 101.

]]> By: Big Deal Maker http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/comment-page-1/#comment-1383 Big Deal Maker Tue, 16 Mar 2010 20:51:41 +0000 http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/#comment-1383 A second mortgage is that a second. They will not relinquish there position. If you are going to refi the first mortgage there will be no problem unless chase has a problem with the additional mortgage payments from your client. They will protect there investment. A second mortgage is that a second. They will not relinquish there position. If you are going to refi the first mortgage there will be no problem unless chase has a problem with the additional mortgage payments from your client. They will protect there investment.

]]> By: racache_us http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/comment-page-1/#comment-1382 racache_us Mon, 15 Mar 2010 01:44:16 +0000 http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/#comment-1382 Contact Chase and tell them what you are doing and the benefits of the refinance. As long as you are moving your client into a better situation they will allow a subordination. You will need them to sign a subordination agreement. have your processor work on this while you generate more loans. Contact Chase and tell them what you are doing and the benefits of the refinance. As long as you are moving your client into a better situation they will allow a subordination. You will need them to sign a subordination agreement. have your processor work on this while you generate more loans.

]]> By: WFR http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/comment-page-1/#comment-1381 WFR Fri, 12 Mar 2010 08:10:28 +0000 http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/#comment-1381 Umm, YOU are supposed to be the loan officer, shouldn't you know this? Why do you have clients and why are you doing their loans if you don't know how? Sorry, but that's mortgage 101. You asking that here is an embarassment to everyone. Umm, YOU are supposed to be the loan officer, shouldn’t you know this? Why do you have clients and why are you doing their loans if you don’t know how?

Sorry, but that’s mortgage 101. You asking that here is an embarassment to everyone.

]]> By: bostonianinmo http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/comment-page-1/#comment-1380 bostonianinmo Thu, 11 Mar 2010 12:29:46 +0000 http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/#comment-1380 A second (or third, forth, etc.) mortgage is subordinate to a senior mortgage by definition. What exactly are you trying to do? A second (or third, forth, etc.) mortgage is subordinate to a senior mortgage by definition. What exactly are you trying to do?

]]> By: Spock (rhp) http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/comment-page-1/#comment-1379 Spock (rhp) Wed, 10 Mar 2010 15:03:01 +0000 http://www.writefinancial.com/08/how-do-you-subordinate-a-second-mortgage/#comment-1379 you aren't going to accomplish that without Chase's written agreement. now, what would they get out of doing so? paying down some of the principle on the first? :-) you aren’t going to accomplish that without Chase’s written agreement.

now, what would they get out of doing so?
paying down some of the principle on the first?

:-)

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